St. Francis County and Forrest City each administer a local economic development sales tax targeted solely toward incentives. Industries which meet the criteria will qualify for up to $1.5 million in a one-time cash grant, based on current revenue projections. Funds can be used for building or site improvement, construction, or equipment.
Additionally, St. Francis County and Forrest City have the ability to abate up to 65 percent of local property taxes for industrial projects financed with industrial revenue bonds, over the life of the bond issue (10 to 25 years)
Forrest City participates with the Arkansas Economic Development Commission in all of the incentives offered through the Consolidated Incentives Act of 2003. Incentives available include:
Follow the link below to preview all Arkansas Economic Development Commission incentives.